Farmers urged to get loans

State-run Agricultural Credit and Policy Council (ACPC) has urged typhoon-affected farmers to take advantage of various loan programs to immediately replace crops damaged by the recent typhoons. Norman Kraft, ACPC director for Public Affairs and Information, said that they have already formed sets of interventions under the Agro-Industry Modernization Credit and Financing Program (AMCFP) to help farmers and their families recover losses.

Kraft noted that existing financing programs, which farmers could easily avail, include the P200-million Agricultural Microfinance Program (AMP) with the Peoples’ Credit & Finance Corp. and the P400-million Cooperative Banks’ Agri-Lending Program (CBAP).

“We also have an existing program for Typhoon Pablo Special Agri-Credit Facility, also with coop-banks but only in the Typhoon Pablo-affected areas worth P60 million,” he added.